Exxon Mobil, the largest oil and gas company in the United States, said it signed new agreements on investment in China, despite the complication of trade relations between the US and China. This is an investment in a petrochemical project and a terminal for the import of liquefied gas in southern China. A framework agreement on cooperation was signed with the Guangdong Provincial Government, suggesting discussion of the possibility of building a petrochemical complex in an industrial park near the city of Hoizhou. Pre-launch of the complex is planned for 2023, however, the final investment decision on the project will depend on the competitiveness of the proposal and obtaining the necessary permits. Exxon also agreed to participate in the construction of the LNG terminal in Hoizhou, for which it plans to supply liquefied gas.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...